Chemistry Ventures Raises $500M for Second Fund
Photo: TechCrunch
Quick answer
Chemistry Ventures, a venture fund founded by ex-partners from Bessemer, Index Ventures, and a16z, is raising $500M for its second fund.
Chemistry Ventures, a venture capital fund established in 2022 by former partners from Bessemer Venture Partners, Index Ventures, and Andreessen Horowitz, is preparing to close its second funding round totaling $500 million. This is confirmed by a filing with the U.S. Securities and Exchange Commission (SEC).
The fund's first vehicle, launched with $350 million in capital, targeted early-stage startups developing artificial intelligence technologies. Its focus spanned both infrastructure solutions and applied products. Portfolio companies include Granola, Decagon, Persona, Serval, and Nova Intelligence.
The fund's founders—Mark Goldberg (formerly at Index Ventures), Ethan Kurzweil (Bessemer Venture Partners), and Christina Shen (Andreessen Horowitz)—combined their expertise from leading venture firms. According to The Wall Street Journal, the second fund is already oversubscribed, with closure expected soon. Chemistry Ventures has not yet commented on the situation.
Common questions
- Who founded Chemistry Ventures?
- The fund was founded by Mark Goldberg (ex-Index Ventures), Ethan Kurzweil (ex-Bessemer Venture Partners), and Christina Shen (ex-Andreessen Horowitz). They leveraged their experience from major venture firms.
- Which startups does Chemistry Ventures invest in?
- The fund focuses on early-stage AI startups, including infrastructure projects and applied solutions. Its portfolio includes Granola, Decagon, Persona, Serval, and Nova Intelligence.
- How much capital has been raised for the second fund?
- Media reports indicate that Chemistry Ventures has already oversubscribed the $500M round, with closure expected shortly.
Dzen feed: /feed/dzen.xml · RSS: /feed.xml